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Huh?!?!?!?!?!
That is the most bizarre PR I have ever read. And who the hell wrote it, Willy?
To bad we don't have a bid, because I would be out.
LOL...That is insane!
That was Alexey's promise. He's gone now. All bets are off IMO
What a mess this has become.....maybe next week...
Whatever the reason, I think Willy should address whatever he can in a message to his readers. The resignation was too sudden and certainly doesn't inspire much confidence in this situation.
I didn't say that. Don't put words in my mouth.
Some DD on Almaz Holding:
A link to a detailed profile of Almaz Holding:
http://www.cadeauxatjck.com/pressrel/000394_pr.pdf
Also, a link to an English-language Russian quarterly about the diamond business (if you scroll down, you will find a picture of Flun Gumerov, President of Almaz Holding (the man is in several pictures on the Almaz holding website, provided in the ibox)):
http://www.rusdiamonds.com/
Also, it appears that Almazjuvelirexport (aka www.almaz.ru) does some biz on ebay:
http://myworld.ebay.com/almazjuvelirexport/
I wish we could correspond a name or address with one of these firms. Personally, I'm still not 100% convinced (like many others on this board) that these are one of our suitors. However, I sincerely hope that they are because they are HEAVYWEIGHT operations.
GLTA
Have we bottomed out? LOL Maybe it's this week? I'm sorry, I mean NEXT WEEK.
We're limping along here, everybody. Wouldn't it be great to know just what in the hell is going on with this "company?"
The silence from the company is DEAFENING. This is ridiculous.
Sorry all, just have to vent a little. All the nonsense talk of "control blocks," "Sib is waiting for the right time to PR," etc. is just that, nonsense. No one seems to really know what the hell is going on here except the company and the MMs (and I don't think the MMs just know something, I think they know all the details!).
Here's to some clarity on the horizon. I can't believe I'm still here....
GLTA
Turner, Stone & Company, LLP is a registered PCAOB member in good standing. That is all that matters. If there was a serious problem with Turner, there is absolutely no way the PCAOB would allow them to audit publicly-traded companies. The PCAOB won't hesitate to turn down (or remove) firms' registrations. See link to registered firms:
http://www.pcaob.org/Registration/Registered_Firms.pdf
Also, EKS&H (the CO firm) is a very reputable one, which means that DCBI was probably treated like a piece of meat. DCBI probably didn't represent a huge revenue stream for a firm like EKS&H, which often translates to less attention for a company like DCBI. They probably just decided to go with a firm that could provide comparable service (at a lower price I presume) and is in the same city as the transfer agent.
However, I do believe DCBI should PR us on this. Other than that, I don't have a serious problem with the move.
GLTA
Hear, hear! We have reached a point now where it's impossible for even the most rational longs to keep up the cheerleading. It's completely understandable that even the most rational people and most ardent GBDX supporters are now questioning whether this is the real deal.
Hopefully, we'll know soon enough. Just hurry up and wait. Ugh!
GLTA
If you think about it, they're winning everyday. But it's especially true with GBDX.
IMO the MMs already know the news that we have been waiting on for months.
I hate to say it, but it looks like our little doggie has a serious flea problem....
The "new" company is waiting for the right time? When the heck is that? Oh yeah, they're just waiting so that people panic and sell. Then they buy up more shares. Come on, guys. Does anyone really believe that drivel? Oh, it's the short squeeze. I don't believe that either anymore.
Something is up and has already happened. MMs, GBDX, and Sib Almaz all seem to know the score. Question is are they ever planning on telling us? I'm not so sure anymore....
God, I hope not. But given the lack of transparency with this company, I hate to say it, nothing can be ruled out until we have received confirmation of a buyout. Anything else is just speculation....and your speculation is just as valid as anyone else's IMO
I hope you're right, dusty. I really do.....
It would be a damn shame if this turns out to be a snake oil operation....
Oh, now that's just cruel....
As forthcoming as this company has been lately, I almost believe you. Now that is a sad statement, eh?
Personally, I think you're off base. But this company has a lot to learn in terms of investment relations. Slowly but surely, this is becoming a cruel joke of a "transaction." But I will keep hanging on.
So, are we looking at another week of hovering at .01? Thank God a "control block" was issued and no one can take us over except that guy Sib Almaz. Geez, I wish I knew that were why the A/S got bumped up to 1.5B. And I wish I knew for sure that this was/is a buyout. Little bit of a transparency problem here, eh?
Anyone know any MMs? It's obvious that they know what everyone except us investors know.
Come on, GBDX. Get a move on!
I speak for myself when I say, "I'm still with you!" But it sure is getting tough to say that with each passing week!
GLTA
Here we go...
Another week of saying "Wow" and commenting on how strong GBDX is holding up. Oh, and of course the PR is "around the corner."
It's ok though. It's sad to say, but I'm getting used to it.
This company needs to come clean with whatever it is the MMs and their management already know, whether it's a buyout, merger, etc. This is getting ridiculous. And the "these things take time" argument just doesn't hold water anymore.
GLTA and here's to a PR VERY SOON.
Agreed. If that is even a remote possibility, then I'm for it. But that's part of the problem here. We just don't know. Hopefully, we will know soon enough....
Are you saying that they basically are transferring complete control over to Sib Almaz? Hence the A/S increase?
After a s**t move like increasing A/S by 500M for no apparent reason, it's not suprising though. However, I do agree that the response was immediate!
I hope you're right, Win.....
True. But seriously, what is the purpose of bumping the A/S from 900M to 1.5B in less than a month. Doesn't mean that the company is necessarily diluting, but isn't going to be seen as a good sign by shareholders either.
I don't like it IMO Something stinks here.
GLTA
It means that this "transaction" has gone on so long that I feel like I'm ready to explode (like women in the latter stages of pregnancy....or so I'm told)
WTF is going on with this company?! A/S shares now at 1.5 Billion?!
This is getting ridiculous....
I feel like I'm 30 months pregnant...
So, now we move back up, eh? Nice to see that there was some resistance left!
Is the ACCUMULATOR back, or is this retail getting back in at what appear to be lower prices?
Either way, would it hurt these people to release some news?
I don't think so....
Happy to see some rebounding but still extremely wary....
GLTA
I must admit that it's nice to see a little resistance at this level.
It's a little comforting, but if the buyout is a done deal...I'm still perplexed (what's new).
Any estimates on how many days of ACCUMULATOR buying we've had as of today?
My point was that message activity (by longs) has declined substantially this week.
Is it because everyone is so confident in their investment that they don't have to say anything? LOL I don't think so.
The noticeable decline in message activity probably relates to what most of my recent posts have been about -- the lack of transparency and uncertainty surrounding this whole buyout thing.
We did close at .01, did we not? I certainly don't see the last few sessions as positive signals, do you?
LOL...good one!
Where the hell did all the longs go?!
Close at .01???? What a friggin disaster! If there is news, release it NOW GBDX, Sib Almaz, or whatever the name is now!!!
This is getting ugly.....
Bite your tongue!
Unfortunately, given the level of transparency associated with this company, you may have your chance.
It leaves a very bad taste in my mouth saying that. Yuck!
My earlier posts today reflect your sentiment, silverstar. Something definitely stinks with this thing getting dragged out the way it has. But what is it?
I've tried the GBDX IR guy (Alex Livak) several times with no luck. My guess is that he is bombarded with inquiries so I wouldn't read too much into his nonresponse.
Thery are DEFINITELY moving slow, which is a major part of the problem. When it's a pink sheet stock, more often than not, it's going to be interpreted as stalling or hiding (many times, for good reason). Bottom line is we are in the dark here, even if you have done your DD, which is troublesome.
I sincerely hope that your timeline is accurate and that step 3 (Buyout PR) comes very soon! We're long overdue.
I absolutely agree. And I think the silence after my post is deafening. My guess is that more people agree with me than would like to admit.
Like I said, I hope (for all of our sakes) that this thing comes through.
I was just expressing my opinion (and venting) that things don't particularly look good for the longs right now.
GLTA
Anyone that thinks many of us are asking too much of this company to just come clean about what insiders and MMs already appear to know is off their rocker.
The longer this "transaction" takes, the worse off we're going to be IMO Anyone with any pinkie experience knows what I'm talking about. I NEVER thought I would ever say that GBDX is starting to look like an AURC, for example, but they are. The lack of verifiable information and unsubstantive PRs are extremely scary IMO I'm wary and I have done my DD!
I hope we don't get a fast one pulled on us. A month ago, I would have said, "No way!" But now, I'm not so sure.
I hope they prove me wrong. Believe me, I do. I want to see those dollars tumble into my account just like everyone else.
GLTA
This is to all the longs. Let me say that I admire all of you who look forward to each week as "exciting" or as any other descriptors you might toss out there.
But as a fellow long, I can't help but be a little uneasy with the current state of affairs. No transparency and slowly inching back down to .01 certainly doesn't inspire much confidence in me. I need to try to adopt a more positive attitude or go into denial. Which is it, guys?
Anyway, the company really needs to step in and disclose what EXACTLY is going on at this point. If they don't, we'll be back at .0055 and talking about the "good ole days" at .015, etc. Even though we're a pinkie, we deserve more information than a few noncommital PRs with absolutely no substance.
Holding and waiting (and getting extremely frustrated). GLTA
Takeover versus Buyout (definitions from Investopedia)
TAKEOVER
A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the acquiring company will make an offer for the outstanding shares.
BUYOUT
The purchase of a company or a controlling interest of a corporation's shares.
So, whoever it is, GIVE IT UP!!! It's the same friggin thing!!!!The only question that remains is whether this is really going to happen!
GLTA
S**t....I'll believe that when I read it. This company really has me down right now.
We're in the dark here. Oh, we're just shareholders, we don't need to know anything anyway, right? F**king pink sheets need Wyatt Earp as SEC chief to clean this place up.
GLTA (wherever they're taking us)
I agree that these guys appear to be flippers looking to make a quick buck.
However, can anyone explain why we are currently at .011 and down 12% today?
This company's secrecy is annoying and unprofessional. It's obvious that some sort of agreement has been signed. What type of agreement? Who the hell knows?
IMO the deal (whatever it is) has been done for a while now. Why not give us pay dates, record dates, etc.? Maybe there aren't any dates to tell us and that's why we're not being told? I sincerely hope not.
But no one can disagree that the way this is playing out is unsettling, to say the least. I mean, what the hell is going on here?
I didn't bet the farm, so I'm not that concerned. But this is getting ridiculous! What DD is left to with these guys? Do they need to figure out which Elena Voloshina they hired? Because I still haven't seen any proof of who any of our new officers are.
Come on, Sib Almaz! Get this done!!
Hear! Hear! I second that!
1M purchase at .013!
I'm impressed. Maybe there is some life left in us after all.